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REO Purchase Loan Program An REO is real estate owned by the bank or other type of lender. An REO is a foreclosed upon property that the bank has already tried to sell unsuccessfully at a foreclosure auction. Union Home Loan can help with your purchase by offering up to 65% of the purchase price. We lend on homes, apartments, land, commercial property, office buildings, mixed use, etc. We base our loans primarily on the equity in the property, thus credit and income are not the most important factors in our loan approvals. Our lending decisions are usually made instantly. Our rates generally range from 11-13% depending on the property, term of loan and borrower qualifications. The average time to close is 7-10 days. To submit your loan, please select a loan application that closely meets your needs:
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| All lending decisions are made by Union Home Loan, Inc. and are not referred to brokers or institutions. | ||||||||
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